CCNC - Code Chain New Continent Limited Stock Price, Fair Value and News

0.82USD+0.02 (+2.50%)Market Closed

Market Summary

USD0.82+0.02

Market Closed

2.50%

CCNC Stock Price

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CCNC RSI Chart

CCNC Valuation

Market Cap

6.5M

Price/Earnings (Trailing)

-0.51

Price/Sales (Trailing)

0.31

EV/EBITDA

-0.11

Price/Free Cashflow

-0.49

CCNC Price/Sales (Trailing)

CCNC Profitability

Operating Margin

99.61%

EBT Margin

-47.79%

Return on Equity

-150.6%

Return on Assets

-88.47%

Free Cashflow Yield

-204.72%

CCNC Fundamentals

CCNC Revenue

Revenue (TTM)

25.0M

CCNC Earnings

Earnings (TTM)

-12.6M

Earnings Growth (Yr)

-14.84%

Earnings Growth (Qtr)

-151.3%

Breaking Down CCNC Revenue

Last 7 days

12.3%

Last 30 days

18.8%

Last 90 days

-65.0%

Trailing 12 Months

24.5%

How does CCNC drawdown profile look like?

CCNC Financial Health

Current Ratio

22.52

CCNC Investor Care

Shares Dilution (1Y)

360.84%

Diluted EPS (TTM)

-5.2

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	0	0	0	0
2022	0	0	0	0
2021	0	0	0	25.0M
2020	0	0	0	0
2019	0	0	0	0
2018	37.8M	30.4M	19.9M	23.0M
2017	0	0	0	38.8M

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Tracking the Latest Insider Buys and Sells of Code Chain New Continent Limited

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Aug 11, 2020	xu wei	bought	277,776	1.5	185,184	-

Which funds bought or sold CCNC recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	BANK OF AMERICA CORP /DE/	added	52.81	-1,471	2,325	-%
May 14, 2024	Qube Research & Technologies Ltd	unchanged	-	-30.00	21.00	-%
May 13, 2024	UBS Group AG	reduced	-59.88	-7,881	1,510	-%
May 10, 2024	OSAIC HOLDINGS, INC.	new	-	515	515	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Feb 26, 2024	Virtu Financial LLC	new	-	50,000	50,000	-%

Are Funds Buying or Selling CCNC?

Are funds buying CCNC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CCNC

No. of Funds

Unveiling Code Chain New Continent Limited's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 16, 2023	xu wei	17.18%	294,007	SC 13D/A
Feb 17, 2023	yu hongxiang	11.43%	210,000	SC 13D
Feb 14, 2022	cvi investments, inc.	4.3%	2,083,333	SC 13G/A
Aug 03, 2021	jin yimin	21.53%	8,274,889	SC 13D/A
Mar 01, 2021	cvi investments, inc.	-	2,083,333	SC 13G
Feb 20, 2020	xu wei	13.17%	3,755,000	SC 13D
Dec 19, 2019	jin yimin	19.9%	4,334,705	SC 13D/A
Dec 06, 2019	jin yimin	19.60%	4,267,528	SC 13D

Recent SEC filings of Code Chain New Continent Limited

View All Filings

Date Filed	Form Type	Document
May 15, 2024	8-K	Current Report
May 15, 2024	NT 10-Q	NT 10-Q
May 06, 2024	S-3	S-3
Apr 26, 2024	8-K	Current Report
Apr 22, 2024	8-K	Current Report
Apr 12, 2024	8-K	Current Report
Apr 08, 2024	8-K	Current Report
Apr 02, 2024	10-K	Annual Report
Apr 01, 2024	8-K	Current Report
Apr 01, 2024	8-K	Current Report

Code Chain New Continent Limited News

Latest updates

Code Chain New Continent Limited Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2	2018Q1	2017Q4
Revenue	-100.0%	-	206,799	-	-	-	-	-	-	-	3,495,731	4,305,964	5,116,197	5,926,430	6,736,663	12,793,669	8,146,724	3,499,778	3,074,271	9,327,472	7,081,783	406,153
Cost Of Revenue	-100.0%	-	41,414	56,148	-	-	-	5,527,950	16,580,607	40,656	153,893	4,793	-2,482,764	4,711	3,689,837	7,679,798	4,948,980	-15,106,683	2,048,955	7,583,498	6,740,435	148,200
Gross Profit	-100.0%	-	165,385	19,226	-	-	-	2,088,665	-1,092,650	2,625,046	3,341,838	3,375,766	490,796	-50,470	84,791	211,967	83,805	-3,339,867	1,025,316	1,743,974	757,448	257,953
Operating Expenses	1042.8%	3,667,011	320,883	41,224	-19,335,257	64,041	19,621,668	63,699	-5,274,238	747,708	9,135,385	17,760,882	562,738	-167,450	311,956	385,717	472,117	914,711	708,690	-549,249	-473,363	-
S&GA Expenses	1042.8%	3,667,011	320,883	41,224	-6,385,928	64,041	6,672,339	63,699	3,310,018	747,708	9,135,385	-	-	-	825,367	317,130	587,266	-1,459,664	229,534	902,869	928,050	689,948
EBITDA Margin	-18.6%	0.62	0.76	-0.02	-0.02	-0.85	-0.84	-0.18	-0.76	-0.92	-0.93	-0.79	-0.18	-	-	-	-	-	-	-	-	-
Interest Expenses	-36.6%	52.00	82.00	-	87.00	-	636	299	-12,785	15,744	17,623	104	12,300	-2,794	4,113	-2.00	7,842	-118,336	40,594	47,762	46,972	65,862
Income Taxes	-100.0%	-	114	-	-	-	-35,071	349,858	-	-	-734,913	734,913	-85,707	-7,952	-34,315	-5,279	47,518	-734,956	57,354	376,005	305,925	-516,172
Earnings Before Taxes	-2229.8%	-3,620,172	-155,384	-21,309	19,335,257	-64,041	-19,621,668	-63,699	-463,569	-191,215	-3,964,858	-14,378,000	-3,880,020	118,561	-231,262	-182,570	-372,996	-4,150,089	298,855	2,220,899	1,229,539	-
EBT Margin	-18.6%	0.62	0.76	-0.02	-0.02	-0.81	-0.81	-0.19	-0.76	-0.98	-0.96	-0.80	-0.18	-	-	-	-	-	-	-	-	-
Net Income	-2169.0%	-3,528,275	-155,498	-21,309	-7,720,949	-4,091,971	-19,621,668	985,876	5,221,939	-2,639,048	-3,208,989	-26,344,794	-3,956,637	-491,876	134,456	1,360,006	-731,446	-1,560,017	241,501	1,844,894	923,614	-
Net Income Margin	4.7%	-0.46	-0.48	-1.26	-1.22	-0.70	-0.64	0.01	-1.08	-1.57	-1.48	-1.05	0.11	-	-	-	-	-	-	-	-	-
Free Cashflow	-261.9%	-4,767,274	-1,317,311	-380,503	80,665	108,079	1,387,890	-2,469,403	9,066,843	-11,302,659	-3,751,626	167,612	-557,810	-458,985	-	-	-	-	-	-	-	-

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	2.2%	14,210	13,906	11,809	2,626	3,801	16,452	29,373	48,151	50,535	47,054	45,114	37,645	25,135	37,645	28,858	30,834	22,448	35,549	36,516	34,882	32,853
Current Assets	37.0%	9,078	6,626	8,971	426	1,610	1,377	16,166	15,366	15,931	30,923	28,577	28,426	11,979	12,602	13,230	11,791	11,587	13,396	13,384	10,988	9,660
Cash Equivalents	214.2%	5,176	1,647	7,401	10.00	389	250	13,283	12,198	14,588	8,384	19,251	22,915	999	1,463	1,940	3,711	2,484	1,421	1,336	609	727
Inventory	-	-	-	-	-	-	-	-	-	-	-	3.00	-	1,047	1,425	1,249	1,177	1,197	1,419	1,339	2,025	1,367
Net PPE	41.1%	13.00	9.00	5.00	504*	502*	1.00	244	278	284	5,241	5,735	248	83.00	81.00	80.00	78.00	19.00	5,286	5,592	5,821	28.00
Goodwill	-	-	-	2,084	2,200	2,190	2,124	-	6,590	6,590	7,753	7,753	7,753	11,650	7,753	14,329	14,318	11,650	13,822	14,366	14,695	7,393
Liabilities	19.2%	2,049	1,719	111	1,977	3,843	5,709	16,532	15,057	18,455	11,499	6,923	4,997	3,222	4,366	5,752	14,118	16,486	12,871	13,035	15,186	13,489
Current Liabilities	21.9%	403	331	111	118	334	5,709	16,526	15,049	18,447	11,499	6,923	4,997	3,189	4,303	5,691	13,822	16,185	12,549	12,700	14,844	13,344
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	475	455	438	438	-	-	510	521	509
Shareholder's Equity	22.7%	8,348	6,804	11,698	2,508	3,467	10,743	12,842	33,095	32,080	35,555	38,191	32,648	21,913	24,598	23,107	16,716	5,962	22,678	23,481	19,696	19,364
Retained Earnings	-14.7%	-69,358	-60,446	-57,017	-56,862	-56,841	-49,493	-45,401	-25,033	-26,019	-31,241	-28,602	-25,393	952	4,908	5,400	-1,372	-1,558	16,031	15,896	14,536	15,268
Additional Paid-In Capital	13.1%	77,530	68,544	68,644	59,176	60,124	60,124	74,272	66,593	83,039	83,034	66,593	57,870	20,022	20,022	19,243	19,243	8,351	8,351	8,351	5,367	4,815
Shares Outstanding	78.6%	5,453	3,054	3,054	1,712	1,845	1,428	1,369	1,430	1,544	1,369	1,156	426	973	-	-	-	-	-	-	-	-
Minority Interest	-29.2%	3,814	5,384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	12,654	-	-	-	22,800	-	-	-	61,100	-	-	-	33,000	-	-	-	15,000	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-42.1%	-6,775	-4,767	-1,317	-380	81.00	108	1,388	-2,462	9,088	-11,265	-3,728	395	-553	-454	159	847	2,346	705	-3,124	832	-122
Cashflow From Investing	95.9%	-207	-5,004	-	-	-217	-12,268	141*	-6.96	-1,175	1,117	-23.13	-1,188	-61.53	34.00	-2,725	-1,777	-	200*	80*	-16.88	700
Cashflow From Financing	157.9%	10,355	4,016	-	-	-	-	-	-	743*	-8*	452*	22,795	104	-58.73	2,570	444	3.00	-510	3,973	-989	-728

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CCNC Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
OPERATING EXPENSES
Selling and marketing expenses	$ 4,682,804
General and administrative expenses	5,235,630	414,151
Research and development expenses	2,072,500
TOTAL OPERATING EXPENSES	11,990,934	414,151
LOSS FROM OPERATIONS	(11,990,934)	(414,151)
OTHER INCOME (EXPENSE)
Interest income	4,500
Interest expense	(81)
Gain from disposal of subsidiaries	100,000
TOTAL OTHER INCOME, NET	104,419
LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS	(11,886,515)	(414,151)
PROVISION FOR INCOME TAXES	327,822
LOSS FROM CONTINUING OPERATIONS	(12,214,337)	(414,151)
Net loss from continuing operations attributable to noncontrolling interest	(1,825,130)
Net loss from continuing operations attributable to shareholders of common stock	(10,389,207)	(414,151)
Discontinued operations:
Loss from discontinued operations, net of taxes	(2,132,049)	(26,347,195)
Loss on disposal of discontinued operations, net of taxes	(362)	(4,060,609)
NET LOSS	(14,346,748)	(30,821,955)
Net loss attributable to noncontrolling interest	(1,825,130)
Net loss attributable to shareholders of common stock	(12,521,618)	(30,821,955)
Other comprehensive gain or loss
- Foreign currency translation adjustment	48,655	(46,397)
- Unrealized gain on available-for-sale investments, net of tax	102,027
OTHER COMPREHENSIVE GAIN (LOSS), net of tax	150,682	(46,397)
COMPREHENSIVE LOSS, net of tax	(14,196,066)	(30,868,352)
Comprehensive loss attributable to noncontrolling interest	(1,670,294)
Comprehensive loss attributable to shareholders of common stock	$ (12,525,772)	$ (30,868,352)
WEIGHTED AVERAGE NUMBER OF COMMON STOCKS
Weighted Average Number of Common Stocks Basic (in Shares)	3,227,302	1,531,316
Loss per share from continuing operations
Loss per share from continuing operations Basic (in Dollars per share)	$ (3.22)	$ (0.27)
Loss per share from discontinued operations
Loss per share from discontinued operations Basic (in Dollars per share)	(0.66)	(19.86)
Loss per share available to common stockholders
Loss per share available to common stockholders Basic (in Dollars per share)	$ (3.88)	$ (20.13)

CCNC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 5,175,518	$ 389,108
Accounts receivable, net		194,520
Other receivables, net	9,459	1,026,293
Convertible notes receivable	2,602,027
Prepaid and other current assets	1,290,890
Total current assets	9,077,894	1,609,921
EQUIPMENT, NET	12,511	502
RIGHT-OF-USE ASSETS	1,561,058
OTHER ASSETS
Goodwill		2,190,485
Intangible assets, net	3,307,949
Other assets	250,740
Total other assets	3,558,689	2,190,485
Total assets	14,210,152	3,800,908
CURRENT LIABILITIES
Accounts payable		127,475
Other payables and accrued liabilities	23,338	2,099
Lease liabilities - current	358,998
Taxes payable		8,478
Total current liabilities	403,169	333,784
OTHER LIABILITIES
Lease liabilities – non-current	1,317,678
Deferred tax liabilities	327,822
Total other liabilities	1,645,500
Total liabilities	2,048,669	333,784
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, no shares issued and outstanding as of December 31, 2023 and 2022, respectively
Common stock, $0.0001 par value, 200,000,000 shares authorized, 5,453,416 and 1,844,877(1) shares issued and outstanding as of December 31, 2023 and 2022, respectively	545	184
Additional paid-in capital	77,530,221	60,124,087
Statutory reserves		4,467
Accumulated deficit	(69,358,225)	(56,841,074)
Accumulated other comprehensive income	175,306	179,460
Total GD Culture Group Limited shareholders’ equity	8,347,847	3,467,124
Noncontrolling interest	3,813,636
Total shareholders’ equity	12,161,483	3,467,124
Total liabilities and shareholders’ equity	14,210,152	3,800,908
Related Parties
CURRENT LIABILITIES
Other payable - related parties	$ 20,833	$ 195,732

About Code Chain New Continent Limited

WEBSITE	ccnctech.com

Code Chain New Continent Limited Frequently Asked Questions

What is the ticker symbol for Code Chain New Continent Limited? What does CCNC stand for in stocks?

CCNC is the stock ticker symbol of Code Chain New Continent Limited. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Code Chain New Continent Limited (CCNC)?

As of Fri May 17 2024, market cap of Code Chain New Continent Limited is 6.47 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CCNC stock?

You can check CCNC's fair value in chart for subscribers.

What is the fair value of CCNC stock?

You can check CCNC's fair value in chart for subscribers. The fair value of Code Chain New Continent Limited is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Code Chain New Continent Limited is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CCNC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Code Chain New Continent Limited a good stock to buy?

The fair value guage provides a quick view whether CCNC is over valued or under valued. Whether Code Chain New Continent Limited is cheap or expensive depends on the assumptions which impact Code Chain New Continent Limited's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CCNC.

What is Code Chain New Continent Limited's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, CCNC's PE ratio (Price to Earnings) is -0.51 and Price to Sales (PS) ratio is 0.31. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CCNC PE ratio will change depending on the future growth rate expectations of investors.